How To Fix FVD_COND_VERIFIER_D103 - Condition item &1 requiers entry for interest calculation frequency

FVD_COND_VERIFIER_D103 - Overview

• Message type: E = Error

• Message class: FVD_COND_VERIFIER_D - Condition Verifier

• Message number: 103

• Message text: Condition item &1 requiers entry for interest calculation frequency

What causes this issue?

The <LS>Exponential Interest Calculation</> indicator has been set for
the condition item with condition type &V1& and condition type key &V2&,
effective from &V3&, but no interest settlement frequency has been
specified.

System Response

The loan conditions contain errors and therefore cannot be saved.

How to fix this error?

Remove the condition item in question from the loans conditions, enter
an interest settlement frequency, or remove the <LS>Exponential Interest
Calculation</> indicator.
If this is not possible in your user interface, contact your system
administrator.

Procedure for System Administrators

The complete key for the condition item is &V4&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_COND_VERIFIER_D103 - Condition item &1 requiers entry for interest calculation frequency ?

  The SAP error message FVD_COND_VERIFIER_D103 indicates that a condition item in a financial transaction requires an entry for the interest calculation frequency. This error typically arises in the context of financial services, particularly in the area of loan management or interest calculation.
  
  Cause:
  The error occurs when:
  
  A condition item (like an interest rate) is set up in a financial transaction, but the system does not have a defined frequency for calculating interest (e.g., monthly, quarterly, annually).
  The configuration for the condition type does not include a valid interest calculation frequency.
  The relevant data for the condition item is incomplete or incorrectly maintained.
  
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Condition Item Configuration:
  
  Go to the configuration settings for the condition type associated with the condition item in question.
  Ensure that the interest calculation frequency is defined correctly. This can usually be done in the customizing settings under Financial Services.
  
  
  
  Maintain Interest Calculation Frequency:
  
  Navigate to the